Is Bitcoin a currency or asset? - page 31.

bitcoinmasterlord

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Quote from: superloy on November 30, 2017, 09:13:59 AM

Before Bitcoin was tagged as a Currency of Cryptocurrency but now it's an asset like an internet Gem that is more valuable than a Gem.
It is intangible but it is over valued and that's what makes it an asset.
Crypto-Currency today are the Altcoins because they act like one Bitcoin doesn't.

Yes when the price was less that time people used it as a currency and did many transactions. But when the price was crossed from $1k to $3k in just 1 month it changed people mindset and made them to hold bitcoin. From here people started to treat bitcoin as an asset.

aerozep10

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Hopefully it will become the norm, more big businesses are getting up to speed on it.

jayram

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My answer is bothe, Bitcoin is designed to be used as a currency for all people around the world which is free from any influence and cannot be regulated by a central bank, the idea is good and conforms with the new trend of globalization,but right now, bitcoin’s popularity mainly comes from the success of those who invest. Most people nowadays treat bitcoin as an asset holding their bitcoins until prices goes up and converting is to cash.

nerverd99

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Quote from: sonewaneaman on August 18, 2017, 02:28:36 AM

Bitcoin’s very volatile prices have reignited the debate about its usefulness as a currency or as an asset. In some ways, Bitcoin suits the definition of currency quite adequately but if the volatility is less. It allows for the creation of secure and transparent transactions. Thus, can be used as a secondary currency in future. Some of the experts have huge concerns over its volatility. But, sooner or later the prices may remain less volatile as of today.

I have mentioned few points about Bitcoin as a currency or as an asset in my article here: https://atozforex.com/news/is-bitcoin-a-currency-or-asset/

What's your opinion about BTC as a currency or an asset?

Suggestions and comments appreciated

I think bitcoin is both a currency and an asset.Bitcoin can function well as an asset.As a store of value, Bitcoin is far more simple and secure than other real assets.Bitcoin also has potential as a currency.we can use it to pay for goods.
especially now that many stores that receive payments via bitcoin

superloy

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#1 ICO on a Global eCommerce Ecosystem! Worldwide

Before Bitcoin was tagged as a Currency of Cryptocurrency but now it's an asset like an internet Gem that is more valuable than a Gem.
It is intangible but it is over valued and that's what makes it an asset.
Crypto-Currency today are the Altcoins because they act like one Bitcoin doesn't.

Jltan

member

Activity: 61

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Bitcoin is a prominent new currency in which a lot of investors are holding and treating as assets. But due to its young age, to become a widely used currency will still take much more time for the volatility to stabilize.

Amilhussin24

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When we say an asset, it means a useful or valuable thing, as all we know Bitcoin is a cryptocurrency and Cryptocurrency is a digital asset designed to work as a medium of exchange, It is classified as a subset of alternative currencies and virtual currencies. Currency means a system of money in general use in a particular country and a fact or quality of being generally accepted or in use.
as for this matter It is a currency and asset.

robaya

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I personally prefer to call bitcoin as an asset. But both of currency or asset, they are all correct. Bitcoin is currency which is in a digital form, isn't it? Also, bitcoin could be an asset for the ones who believe that bitcoin is going to give them future benefit.

Ashishsaha

newbie

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I must say that BTC is the next day's currency and resources. Because to say a lot, I would say, Bitcoin's identity is going to be good day by day, and I think it's worth a lot and it's going to come out here at its own pace. And now the present is in the position now that anyone can consider it as an asset or take it as a future asset.

Bit_fan_talks

jr. member

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I firmly believe that bitoin is both currency and an asset. I think most people on this forum do believe so.

Cofee.BLUE

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Bitcoin is a currency or cryptocurrency well sometime it bwcomes an asset but it ia really a crypro currency or digital money, it becomes very good in these days and it just like a currency that used in every day lives of every bitcoin users, and i just think that sometimes it really becomes an asset, but more times currency.

megalith07

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I think BTC is both an asset and a currency. An asset because it you utilize this as an interest over the long haul a cash be turned into a cash. You can purchase things utilizing BTC in truth I heard you can utilize this as an installment It resembles a charge card. At that point you can spare it and contribute or you do exchanging.

Tatalk

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Let me first clear, what asset stands for. Asset is a resource that is owned by an individual or corporation or by the company with the expectation that it would provide future benefit. So bitcoin's continuously increasing valuation signifies that this virtual currency is asset. Just like asset, people buy bitcoin and hold till they feel profit in selling. Yet not centralized by the government, it has millions of bitcoiner and this suggests that cryptocurrencies would be the future of finance.

blocklancer8

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Bitcoin is a virtual currency that can be your investment asset. Because Bitcoin is a technology that can break through a very good future.

FrobTeam

newbie

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Bitcoin is deff an asset at the moment because nobody uses bitcoin except store it or sell/buy to hold and grow their investment.

Ayush rana

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I think bitcoin is both currency and asset because people are using btc as trading and investment also. Which means people are circulating btc like currency and doing investments like they are holding any assets.

Ruetli

newbie

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I believe that the future belongs to cryptocurrencies. Bitcoin might have to slow transaction speed and to high transaction fees to be a real day to day currency. But as first mover it might be an asset also in the future.

Feuerbach

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Quote from: sonewaneaman on August 18, 2017, 02:28:36 AM

Bitcoin’s very volatile prices have reignited the debate about its usefulness as a currency or as an asset. In some ways, Bitcoin suits the definition of currency quite adequately but if the volatility is less. It allows for the creation of secure and transparent transactions. Thus, can be used as a secondary currency in future. Some of the experts have huge concerns over its volatility. But, sooner or later the prices may remain less volatile as of today.

I have mentioned few points about Bitcoin as a currency or as an asset in my article here: https://atozforex.com/news/is-bitcoin-a-currency-or-asset/

What's your opinion about BTC as a currency or an asset?

Suggestions and comments appreciated

An asset is something that has value and can be sold for money. Currency - this is what is accepted as a means of payment (not to be confused with money - this category is wider than the currency). Bitcoin is both an asset and a currency, but at the moment there are more assets. Because there is a small number of places where they can be accepted for payment

kingragnar

full member

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Bitcoin right now is clearly an asset, an investment and bitcoin is a digital currency so only those who know it are very few people and there are countries that do not know it, so not all the things that buy bitcoin.But many exchange The internet spreads you can exchange real money you spend on what you need in life.

deppil

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Quote from: jayco25 on November 28, 2017, 08:15:04 PM

Bitcoin is a digital currency and asset as well. Many country right now used Bitcoin as mode of payment for coffee shop fast food grocery etc. people today also rather that to kept there asset in a bank they invest to bitoin

yeah bitcoin can be used for both, you can use bitcoin for your future assets or use bitcoin for payment method. but what I often see here is that more users use bitcoins for assets or investments. because bitcoin is very profitable and bitcoin is also well known as a potential commodity

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